Donald Trump is in the News Again!

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New York Attorney General, Eric Schneiderman, has sued Donald Trump for $40 million as a result of what he terms a fraudulent educational program through “Trump University.” The program promised to make students rich but instead steered them into expensive and useless seminars. They also failed to deliver promised apprenticeships.

Questions:
1. Instead of meeting Donald Trump as part of their educational experience, what did the students get to do?
2. Based on the article, what amount of money did the school take in (on average)? (Use the information in the 3rd paragraph of the article.) Is this more or less than the amount sought in restitution? Comment on the difference.
3. Mr. Trump says that the charges are politically motivated. What are some of the charges? Please list them and then discuss how they constitute the charge of fraud.

Source: Associated Press Staff (2013). NY AG Schneiderman sues Trump, ‘Trump University’ for fraud; Trump says probe is political. The Washington Post, August 24 (Retrievable online at http://www.washingtonpost.com/business/ny-ag-sues-trump-university-says-get-rich-promises-were-fraudulent-deceptive/2013/08/24/8d41ce40-0d21-11e3-89fe-abb4a5067014_story.html?tid=pm_pop)